ACN 116 249 060

10 January 2013
The Manager
Company Announcements Office
ASX Limited
Level 4, Exchange Centre
20 Bridge Street
SYDNEY NSW 2000

APPOINTMENT OF CHIEF EXECUTIVE OFFICER : KEY TERMS OF CONTRACT

Further to the announcement dated 3 January 2013 regarding Board Appointments the Company would like to advise that Mr Bataa Tumur-Ochir is employed as Chief Executive Officer under a twelve month service agreement for an annual amount of USD $150,000. There are no performance incentives nor termination benefits provided under the service agreement.
Yours faithfully

Tim Flavel DIRECTOR

Level 1 / 33 Richardson Street, West Perth WA 6005

P.O. Box 826, West Perth WA 6872, Australia

Ph: +61 8 9200 4428, Fax: +61 8 9200 4469

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